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Dish Network Corp (NASDAQ:DISH): Current price $5.88
Dish Network Corp’s (NASDAQ:DISH) competing $3.30 per share offer for Clearwire Corp (NASDAQ:CLWR) may only be a minor inconvenience as far as Sprint Nextel Corp (NYSE:S) is concerned, according to Reuters. Sources think a bidding war is unlikely considering Dish’s offer contains many conditions some of which require prior approval of Sprint. Further, Dish may want to amend certain agreements between Sprint and Clearwire, which would require significant changes to Clearwire’s corporate structure. Considering Sprint owns just over 50% of Clearwire, all this can hardly be expected to sail through. Of course, Clearwire is legally bound to consider the offer by Dish, which will likely be supported by Crest Financial Ltd, an 8% stakeholder, a persistent and vocal opponent of Sprint’s offer.
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